Article1995

RANDOM UTILITY MODELS OF RECREATIONAL FISHING: CATCHING FISH USING A POISSON PROCESS

Kenneth E. McConnell · Ivar E. Strand · Lynne Blake-Hedges

87 citations0/0 files storedMarine Resource Economics

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Economic and Environmental Valuation Recreation, Leisure, Wilderness Management Socioeconomics of Resources and Conservation

Abstract

This paper presents a Poisson model of expected angler catch during a sportfishing trip and employs the expected catch in a random utility model of site choice. The approach permits greater heterogeneity in expected catch and in individual welfare estimates from policies such as creel limits.

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References

2016Welfare Measurement in the Household Production Framework 1989A Random Utility Model for Sportfishing: Some Preliminary Results for Florida 1981Theory and estimation of the household production function for wildlife recreation

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1997Pricing What is Priceless: A Status Report on Non-Market Valuation of Environmental Resources 2011Addressing Onsite Sampling in Recreation Site Choice Models 1998Measurement Error in Recreation Demand Models: The Joint Estimation of Participation, Site Choice, and Site Characteristics 2004An Analysis of Congestion Measures and Heterogeneous Angler Preferences in a Random Utility Model of Recreational Fishing

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